Teledata Communications Inc. will integrate TransUnion’s ID Manager fraud detection solution into its DecisionLender 4.0 loan origination platform, Bill Nass, TCI president, told Auto Finance News. The integrated platform is slated for release by the end of the second quarter. TransUnion’s ID Manager processes data from hundreds of credit and non-credit sources that is incorporated within [...]
NEW YORK CITY – The car financing process will shift to a usage-based model, while credit scores will become obsolete. That’s the upshot from Guy Fraker, chief learning officer at AutonomousStuff, a supplier of products and services for the autonomous car space, on the future of auto finance in the world of connected mobility. “There [...]
MotoLease LLC and EFG Companies announced an expanded partnership to offer EFG’s private-labeled,Select Guard program through MotoLease’s network of 1,000 authorized dealers, the companies announced March 15.
Mobility and rideshare were at the top of the agenda during the 2016 New York Automotive Forum on Tuesday. Since technological developments around rideshare have already began transforming the auto industry, how will that affect the auto finance space? Car financing does fit into the rideshare model, Colin Langan, auto analyst at UBS, said during [...]
Wells Fargo & Co. today reported auto originations of $7.6 billion, up 13% from the same time a year ago. As for outstandings, indirect auto receivables were $57.1 billion, up 2.5% year over year. Commercial auto outstandings were $10.3 billion in 4Q15, up 14.2%, year over year.U.S. Bank has released year-end earnings today, and wrapped [...]
Since the amount of money a typical BHPH customer has available to buy a car and give a down payment has remained steady while wholesale vehicle prices remain high along with repair costs, Buy Here Pay Here dealers are being forced to increase their cash in deal on each sale to keep their business open and [...]
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into [...]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into [...]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into [...]
